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Staff says racket‑facility pro forma understates long‑term capital costs; commission asks staff to study reallocating $5M
Summary
A consultant pro forma for a proposed regional racket facility shows positive near‑term EBITDA but does not include debt service or depreciation; commissioners expressed concern capital replacement and debt would require taxpayer subsidy and asked staff to study reallocating funds earmarked for the project.
Brentwood commissioners heard staff and consultants review a pro forma for a proposed racket (pickleball/tennis) facility and pressed for clearer accounting of long-term capital and replacement costs before committing further funds.
City staff and the Sports Facilities Advisory (SFA) consultant presented a model that showed positive operating cash flow (EBITDA) under certain assumptions, but commissioners and staff emphasized that EBITDA excludes depreciation, debt service and other capital costs that are essential to cover full life‑cycle expenses. Staff…
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